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Top-Down Analysis of AUDUSDTop-Down Analysis of AUDUSD Understanding the Chart: The provided chart displays the AUDUSD pair on a 4-hour timeframe. We can observe price action, support and resistance levels, and potential trend directions. Overall Trend: * Short-term: The market appears to be in a downtrend based on recent price action. * Long-term: A broader perspective (not visible on this chart) is needed to determine the long-term trend. Key Levels: * Resistance: The price has been facing resistance around the 0.67000 level. * Support: The 0.65500 level appears to be a potential support area. Entry Strategies Using Fibonacci Retracements (Below Discount) * Identify a recent swing high and swing low: Determine the highest and lowest points of the recent price movement. * Draw Fibonacci retracement levels: Create Fibonacci retracement levels between the swing high and low. * Look for potential entry points: Consider buying near the 38.2% or 50% retracement levels if the price shows signs of bullish reversal. Caution: Using Fibonacci retracements alone can be risky. It's essential to combine them with other technical indicators for confirmation. Break of Structure and Retest * Identify a clear structure: Determine the recent price action's higher highs and higher lows (uptrend) or lower highs and lower lows (downtrend). * Wait for a break of structure: Observe if the price breaks above a resistance level (uptrend) or below a support level (downtrend). * Look for a retest: After the break, wait for a pullback to the broken level (now acting as support or resistance) for a potential entry. Example: If the price breaks below the 0.65500 support level and then retraces back to this level, it could be a potential entry point for a short position. Additional Considerations * Risk Management: Always use stop-loss orders to limit potential losses. * Timeframes: Analyze multiple timeframes to confirm trends and potential entry points. * Other Indicators: Consider using additional indicators like RSI, MACD, or Bollinger Bands to support your analysis. Remember: Trading involves risks. It's crucial to develop your trading strategy and manage your risk effectively. Would you like to delve deeper into any specific aspect of this analysis or explore other potential entry points based on different indicators?
by sochimanzeakor
4
Timeframe Tango: Finding Your Trading RhythmWelcome to the thrilling world of timeframes—a place where every minute counts and every candlestick tells a story. You've probably asked yourself a million times, "What's the best timeframe to trade?" Well, buckle up because we're about to dive deep into the mesmerizing world of timeframes and trading strategies! Picture this: timeframes are like puzzle pieces. Lower timeframes, such as the 100 or 500-piece puzzles, are intricate and require patience. Think of them as the fast and furious lanes of trading where every tick matters. Conversely, higher timeframes resemble those 10 or 20-piece puzzles—quicker to solve and offer a broader market perspective. Now, let's talk strategy. It's all about how fast and efficiently you piece those puzzles together. Whether crafting your unique strategy or borrowing a page from the pros, the goal remains: wait for the market to paint your perfect setup. But here's the kicker: you've got to be strategic with your timeframes. Let's break it down with some juicy details! Imagine you're a 9-5 warrior or a student hustling through classes. Your time is precious. So, let's talk hours. How many trade opportunities can you snag in an hour? If you thrive on adrenaline and lightning-fast decisions, the 1- and 5-minute timeframes might be your playground. You're in for a wild ride with 60 to 12 candlesticks printed each hour! Scalping and day trading become your middle names as you seize opportunities left and right. When analyzed correctly, you could see 1-3 opportunities within an hour. But if you've got more wiggle room in your schedule, let's talk swing trading. Picture the 15-minute to minutes—a sweet spot for those seeking a balance between action and analysis. With 4 and 2 candlesticks printed each hour, you've got time to breathe and plan your moves. Now, let's zoom out a bit. Say hello to the 1 and 4-hour timeframes—the realm of short-term swing trading. Here, you're not watching the clock; you're watching the trend unfold over hours and days. With 24 to 6 candlesticks printed in a day, you've got ample opportunities to spot those juicy setups. Think 3-4 trade opportunities a week on the 1-hour timeframe and 1-2 on the 4-hour timeframe. It's the sweet spot between day trading and short-swing trading! Finally, we arrive at the granddaddy of timeframes—the daily chart. Here, we're talking about long-term swings and big-picture analysis. With three to four great opportunities a month, you have time to breathe, plan, and execute precisely. It's like watching the market paint its masterpiece, one candlestick at a time. So, what's your trading style? Are you a scalping sensation, a swing trading maverick, or a long-term visionary? Find the timeframe that fits your schedule like a glove, and let's embark on this epic trading journey together! Catch you on the charts, Shaquan
Education
by ShaquanLopez
EURUSD ANALYSIS/MARKET REPORTOANDA:EURUSD Looking at EURUSD as it is currently on the 4HR timeframe, no doubt we've been on a long paused of price continuing the uptrend that started on 14th Jul where we seeing price on a wide consolidation between 1.0097 - 1.0275. However, price can't range forever which has brought the report to us from our analysis that: we may continue to see further rise in price action breaking out of the range to hit our zone spotted around 1.0347 - 1.0407 as at the time of this analysis, then we have possibility of price falling drastically from the zone as we believe its a strong price level price action may choose to respond to in continuing the Downtrend we've been playing on the Daily Timeframe. ADVICE FOR TRADERS For Intraday traders looking for trades opportunity in the currently situation in the market, we'd strongly advice to wait on the spot of price reversal to a structure level looking down at either 1hr or 30mins to spot LONG position as price pushes to our strong reversal level. Also, swing traders may wait on price getting to our strong reversal level to hold SHORT positions as price falls.
by Ahmed_Loyal
How This #1 Forex Ticker Trades In The Stock MarketTrading is a huge challenge but are you ready to take it? Don't give up on this journey you are meant to trade if you as reading this post that's a good sign Looking for a mentor is a good start and I would encourage you to do so. Passing that first loss will be hard for you so prepare for some disappointment Losing feels terrible don't worry you will learn how to trade soon. You may be tempted to follow the shining object on this path. You may also fall in love with some stocks but don't so it! Listen to the advice of your favorite mentor and don't doubt your skills Find peace in your strategy and stick to it no matter what When you finally get it and learn how to trade it will be a good experience along the way. This may cause a feeling of resentment of wanting to trade all the trade don't fall into it. Once you watch this video above you will see the possibility to make money today! Take this opportunity to learn trading watch this video again to understand. After that go back to your trading and remember to stay discipline and stick to your trading strategy. You don't have to be greedy alone and discipline alone you can be both, Feel free to undertake your journey remember you can visit lubosiforex.blogspot.com to learn more about trading and market trends cheers.
Long
by lubosi
The Master Jedi Sniper CREED*The Market has different moves I call them 'Plays' that it sets in the Forex Market Daily. The Market only has 3 moves: 1. Up aka UP Trend 2. Down aka DOWN Trend 3. Sideways aka Consolidation No more. No less. The market has key patterns, rhythms, and channels known as 'Liquidity pools" "Order Blocks' and the like. These are simply areas in the market where liquidity is and wherever there is liquidity that is where the market flows to. After the Market makes enough money and "Orders" need to be filled it will then move to fill imbalances along the way to those places of Liquidity aka "THE MONEY". A Snipers MAIN job is to WACTH the market with discipline, consistency, and relentless attention to intricate details that your pair does at KEY times in the trading day. US base pairs are anchored by the DXY. It is a Snipers RSI. Every Sniper has their own threshold for pain this is knows as a SL. A Sniper's average SL is 3-5PIPS. Once that threshold is breached it is time to re evaluate the trade set up and either "Pull and SWITCH" or "Pull and WAIT". By allowing you trade aka SNIPE time to develop you allow your trade set up to develop. Remember it takes time for the Market to move in your direction. Therefore pull backs and consolidation are all apart of normal market movement aka Price Action. By identifying key areas in the market within "Structure" a Sniper formulates strategies to Trap and Snipe Price. I Am the Alchemist of these Formulas and Strategies. I AM: Trading Made Simple As always never over leverage. Trust your Trade Set Up. Have Fun!
Education
by Master-Jedi-Trader
XAUUSD - KOG REPORT - FOMC!FOMC: This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We can see that there is still a lot of bullish pressure on Gold with bulls trying to keep this above the 1850 level. We have targets on Gold around the 1880-85 level so there is a chance they will want to push the price up to that level at some point in order to potentially get better pricing to sell it again. On the flip side we still have our liquidity region of 1830-35 where there is a pot waiting for the price to visit. This gives us the range for FOMC today and potential movement for tomorrow. Looking at the markets we’re experiencing some very choppy and volatile price action with most pairs proving difficult for retail traders to trade. For that reason we would strongly suggest not trading this FOMC, especially with the strong fundamentals in the background. Rather, wait for them to move the market to where they want and you’ll get a better entry, whether that be a long or short. So with this in mind we will trade this as usual with 2 scenarios in mind: Scenario 1: They push the price up, we won’t be using immediate resistance levels, instead we will wait for the key level above around the 1880-85 price point. Based on strong resistance at this level we feel there could be an opportunity to short the market back down with the first target being 1865, second 1855 and below that 1840. Scenario 2: They push the price down, again, we won’t be looking for immediate support levels, not even the 1830-35 liquidity region, instead we will wait around the 1820 region where we feel an opportunity to long the market into the resistance levels 1835, 1845 and above that 1850. We’re expecting some big swings in price so the movement can be extreme, a push up can result in a 3-400pip movement in the opposite direction and vice versa. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
16
XAUUSD - KOG REPORT!In last weeks KOG Report we said we were in long holding positions from below. We suggested we would like to see another attempt on the lower support regions which the 4H and 12H charts were suggesting due the potential double tops. We said we had higher levels of 1817 and 1824 which we would be our immediate targets and this is where we would reduce our long exposure only holding a portion of any long trades we had from below. We said we would be looking for the higher price regions of 1830-35 and above that 1850-55 for our short entries. The lower support levels held which we had shown on the charts and it gave traders a good opportunity to long the market into our immediate targets which were both completed by market close. A great end to the year for KOG members. So what can we expect in the week ahead? We would like to see Gold get some more buyers in a little higher so we are anticipating a challenge around the 1830-35 price region. We can expect this to either open with aggressive bullish momentum to target that area straight away, find resistance and make a move down, or ideally come down towards the lower support levels and then begin another incline to target that level. Please note, breaking this level will push the price to more gains potentially targeting that higher trend line resistance and key area of 1850-55 where we hope to see resistance again. Our plan: If the market opens and targets that higher resistance level of 1830-35 we’ll be looking to short it back down towards the lower support regions of 1815-10 as the first initial target and below that 1800-1797. We have a target at 1785 so we would like to see this achieved at some point during the week. We also have a higher target of 1833 so there is a chance we open, hit that level and then take a small decline from around that region to the lower support levels then push back up. What we want to see is how the price reacts at the higher resistance levels and how they hold as we think these resistance levels would be good opportunities to test the short trades. The higher resistance level is 1850-55 (potentially just short of this region), this level we feel could be a possibility so play it safe. We are still bearish on this as long as its creating lower highs so for us to go long again we would need to see the extreme lower levels acting as support to take the trades. Rather we would like to see these higher level achieved and test the short trades to hold for the longer term. This is Gold, so you know it won't make it easy, thats why lots sizes and money management are really important. Support levels: 1824 1820 1810-12 and below that 1800-1797. Resistance levels: 1830-35 1838 1845-7 1850-55 1866-70 Yearly timeframe: We have added the yearly chart to show the closing candle for the year. You can see that it failed to close above last years closing price where it rejected. It also shows the potential range for the months ahead going into 2022 where the lower support stands at around the 1670 price point. If you’ve been following our analyses you’ll know we have a target lower than that so based on the higher timeframe, its looking like we could be in for a few bearish months on Gold. Monthly Timeframe: We’ve published this chart before and we’ll stick to the plan on this. We’re looking for the lows below the 1600 price point as long as the price stays below the 1885-95 price point. There is a chance they can drive the price upwards towards that level which will still maintain the structure and still give us a lower low. This is a long term timeframe so can take months to play out, that’s if they even take it there. This is published for reference only to give you an idea of what we’re looking at. In all honesty this is going to be a difficult one to predict, it’s the opening of a new yearly candle and we’ll see the return of volume back into the markets after the festive period. We’ve seen the markets open in the new year with some very aggressive movement so please be careful, movement that looks out of the ordinary please stay out of it, wait for the price to settle and then look to take your positions. If you really want to see what can happen take a look at the opening few days of the markets last year. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
19